Spain Sells EUR10 Billion in New April 2032 Government Bond -- Update
January 11 2022 - 11:33AM
Dow Jones News
By Emese Bartha
Spain sold 10 billion euros ($11.33 billion) in new 10-year
government bonds via a bank syndicate on Tuesday, one of the
book-runner banks said.
The spread on the new April 2032-dated bond was set 8 basis
points above the yield of the 0.50% October 2031 bond, the current
10-year benchmark, the same bank said. The bond has a 0.70% coupon,
and it was priced at 99.478, at a yield of 0.753%.
Demand for the bond exceeded EUR63 billion when books closed,
including EUR4.75 billion interest from the joint lead managers,
the same bank said.
Spain's gross government-bond issuance target is EUR148 billion
for 2022.
The book-runners of the deal are Deutsche Bank, HSBC, J.P.
Morgan, Nomura, Santander and Societe Generale.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
January 11, 2022 11:18 ET (16:18 GMT)
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